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Yum! Brands grosses $1.05 billion from debt offering

Yum! Brands Inc. raised gross proceeds of $1.05 billion from an offering of 5.25% senior unsecured notes due June 1, 2026.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the lead underwriters.

Barclays Capital Inc., Fifth Third Securities Inc., ICBC Standard Bank PLC, Merrill Lynch Pierce Fenner & Smith Inc., MUFG Securities Americas Inc., Rabo Securities USA Inc., Scotia Capital (USA) Inc. and Williams Capital Group LP also served as underwriters for the offering.